SGS Market Timer Status: NEUTRAL
Neutral as of close of 12/29/2014
RTS Current Portfolio (2015)
In CashNeutral as of close of 12/29/2014
RTS Current Portfolio (2015)
Our almost six year bull market is done, we can put a big fork in it :) .
SPX will very likely rally next week on the back of "European QE" to test the triple resistance (50 D-SMA, PDL and AUL) around SPX 2045. If that test fails, I believe SPX would sell off to test support at SPX 2000. Should SPX closes below 2000 next Friday, a 10% sell off to test last October low (SPX 1820) is highly likely.
I'm still in cash. I'm planning to do my first short selling of four on Tuesday or Wednesday as after SPX fails to close above its triple resistance level (SPX 2045). For now, my plan is to do more short sells after a daily close below SPX 2020 and SPX 2000. I'm shorting SPY, IWM, QQQ and DIA (equal $ amount).
SPX: S&P 500 Index
DJI: Dow Jones Industrial Index
DJT: Dow Jones Transportation Index
NAZ: NASDAQ Composite Index
RUT: Russell 2000 Index
OEX: S&P 100 Index
NDX: Nasdaq 100 Index
D-SMA : Daily - Simple Moving Average
D-EMA: Daily - Exponential Moving Average
PDL : Primary Downtrend Line
PUL: Primary Uptrend Line
ADL: Active Downtrend Line
AUL: Active Uptrend Line
DTL: Dynamic Trend Line
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
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